Multifamily in THE ROADS | 325 SW 30th Rd
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Multifamily in THE ROADS 325 SW 30th Rd
3 Unit Apartment Building $1,830,000 ($610,000/Unit) 5.01% Cap Rate Miami, FL 33129
Investment Highlights
- Newly renovated. 100% leased multifamily in the Roads walking distance to Brickell's financial center
- New modern custom kitchen and bathrooms with quartz counter tops
- Assigned parking off-street
- Bright spacious floor plans surrounded by high impact windows throughout every unit with green views
- Motorized Gate and Garden
- New metal roof and high impact windows and doors. New Central AC units. Washer and Dryer in every unit.
Executive Summary
Unique investment opportunity. 100% leased multifamily in the heart of Mary Brickell ROADS in Miami, FL. The property has Three (3) units with Three (3) electrical meters and One (1) main water meter. 2 units have 2 beds-2 baths and One (1) Studio, new electric, new plumbing, new central Air conditioners, new impact windows and doors, new metal roof and insulation, new custom kitchens with quartz counters and stainless steel appliances, new bathrooms, new washer and dryers in every unit, new paint throughout. The property also has a privacy fence with motorized gate, a professionally landscaped yard with sprinkler system and new architecturally designed concrete driveway.
The property is located in the Roads, walking distance to places of worship, Walgreens, Publix, schools, parks, restaurants, shopping and world class entertainment. Easy access to transportation, free trolley service, I-95, Calle Ocho, Downtown, and walking distance to Vizcaya
Metrorail Station, and Brickell Avenue.
The property is located in the Roads, walking distance to places of worship, Walgreens, Publix, schools, parks, restaurants, shopping and world class entertainment. Easy access to transportation, free trolley service, I-95, Calle Ocho, Downtown, and walking distance to Vizcaya
Metrorail Station, and Brickell Avenue.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Miscellaneous
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$117,600
|
$40.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$117,600
|
$40.18
|
| Taxes |
$16,872
|
$5.76
|
| Operating Expenses |
$9,048
|
$3.09
|
| Total Expenses |
$25,920
|
$8.86
|
| Net Operating Income |
$91,680
|
$31.32
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $117,600 |
| Annual Per SF | $40.18 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $117,600 |
| Annual Per SF | $40.18 |
| Taxes | |
|---|---|
| Annual | $16,872 |
| Annual Per SF | $5.76 |
| Operating Expenses | |
|---|---|
| Annual | $9,048 |
| Annual Per SF | $3.09 |
| Total Expenses | |
|---|---|
| Annual | $25,920 |
| Annual Per SF | $8.86 |
| Net Operating Income | |
|---|---|
| Annual | $91,680 |
| Annual Per SF | $31.32 |
Property Facts
| Price | $1,830,000 | Apartment Style | Garden |
| Price Per Unit | $610,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.01% | Building Size | 2,927 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 15.15 | No. Stories | 2 |
| No. Units | 3 | Year Built/Renovated | 1948/2023 |
| Property Type | Multifamily | Parking Ratio | 1.02/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,830,000 |
| Price Per Unit | $610,000 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 15.15 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 2,927 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1948/2023 |
| Parking Ratio | 1.02/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Dining Room
- Double Pane Windows
- Garden
- Island Kitchen
- Smoke Free
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Gated
- Recycling
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $4,000 | 1,277 - 1,370 |
| Studios | 1 | $1,800 | 280 |
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Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (80)
zoning
| Zoning Code | Multi 2-9 units (T3R Single Family -General. Land Primary Use. MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS (0802)) |
| Multi 2-9 units (T3R Single Family -General. Land Primary Use. MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS (0802)) |
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Multifamily in THE ROADS | 325 SW 30th Rd
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